StrongPoint ASA: Extension of share buy-back period
Raelingen, 30 December 2021.
Reference is made to the announcement made on October 25, 2021 by StrongPoint ASA regarding the share buy-back program. Due to Safe Harbor, StrongPoint has not been able to purchase the desired number of shares. The Board of Directors has decided to extend the purchase period to 28 February 2022.
The program will still be limited in size up to 500,000 shares, equivalent to approximately 1.1% of the shares in the Company. Shares in the program will be purchased through ordinary market trades on the Oslo Stock Exchange and is managed by an external credit institution. The program was initiated 25 October 2021 and will be terminated on 28 February 2022 at the latest.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
StrongPoint is a retail technology company that provides solutions to make shops smarter, shopping experiences better and online grocery shopping more efficient. With over 400 employees in Norway, Sweden, the Baltics and Spain and together with a wide partner network, StrongPoint supports businesses in more than 20 countries. StrongPoint provides in-store cash management and payment solutions, electronic shelf labels, self-checkouts, task and labor management software, click & collect temperature-controlled grocery lockers, in-store and drive-thru grocery pickup solutions and, grocery order picking solutions. StrongPoint is headquartered in Norway and is listed on the Oslo Stock Exchange with a revenue of 1bn NOK [ticker: STRO].